Del Esparza, the CEO of Esparza Digital+ Advertising, was designated as chair of the Federal Reserve Bank of Kansas City, Denver Branch for 2025. The Denver branch represents Wyoming, Colorado and northern New Mexico. Jeff Schmid, the president and CEO of the Federal Reserve Bank of Kansas City, will vote on the Federal Open Market Committee, which determines the…
Newswires
Excellent fourth quarter net income of $2.082 billion and core income of $2.126 billion. Consolidated combined ratio improved 2.6 points from the prior year quarter to an excellent 83.2%. Underlying underwriting income of $1.700 billion pre-tax, reflecting an underlying combined ratio that improved 1.9 points to an excellent 84.0%; very strong…
The Travelers Companies, Inc. today reported net income of $2.082 billion, or $8.96 per diluted share, for the quarter ended December 31, 2024, compared to $1.626 billion, or $6.99 per diluted share, in the prior year quarter. Core income in the current quarter was $2.126 billion, or $9.15 per diluted share, compared to $1.633 billion, or $7.01 per diluted share, in the…
Inflation is projected to hold steady in 2025 at the 2.4-2.5% pace of recent months, Ed Knotek, director of research, Federal Reserve Bank of Cleveland, said this week. Knotek reported forecasts by the Federal Reserve’ s 12- member policy-setting Federal Open-Market Committee. But Scott Bessent, Trump’ s Treasury secretary pick, told a Senate panel Thursday it all…
More than 23 million Americans, a record number, signed up for Affordable Care Act Marketplace coverage for 2025 before the Jan. 15 deadline. Over 45 million Americans are covered through the ACA's Marketplace and Medicaid expansion, marking an all-time high in health insurance coverage in U.S. history. I urge Congress to double down on the progress we have made…
Challenging what it called a“ backdoor” attempt to expand entitlements, Florida has filed a lawsuit against the Biden administration in a longrunning dispute about a program that provides subsidized health insurance to children. The lawsuit, filed Tuesday in U.S. district court in Tampa, challenges a rule that federal health officials finalized in November…
While each death is a result of individual and often complex factors ranging from pre-existing health conditions to postpartum depression, the vast majority of Tennessee maternal deaths– 76%– were preventable, the report concluded. Bill Lee and the Tennessee Legislature have repeatedly rejected efforts to expand TennCare to include more people above the…
Once debris from the Los Angeles County wildfires is cleared and rebuilding begins, attention will likely shift to the financial health of a small, but growing California fire insurance provider. See also: Southern California wildfires add to growing worries about homeowner insurance. Potential exposure in the Palisades fire totals more than $4 billion, the…
2025 JAN 21– By a News Reporter-Staff News Editor at Insurance Daily News– New study results on geriatrics and gerontology have been published. According to news originating from Philadelphia, Pennsylvania, by NewsRx correspondents, research stated,“ The provision and management of Medicaid-financed long-term services and supports has changed…
2025 JAN 21– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Drugs and Therapies- Managed Care and Specialty Pharmacy. According to news originating from Chicago, Illinois, by NewsRx correspondents, research stated,“ Metabolic dysfunction-associated steatohepatitis is the inflammatory form of metabolic…
2025 JAN 21– By a News Reporter-Staff News Editor at Insurance Daily News– Data detailed on Insurance have been presented. For more information on this research see: Optimal Investment and Reinsurance Strategies With Federal Income Tax Under the Geometric Mean Reversion Model. Journal of Industrial and Management Optimization, 2024. Journal of Industrial…
2025 JAN 21– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators discuss new findings in geriatrics and gerontology. According to news originating from Pittsburgh, Pennsylvania, by NewsRx editors, the research stated,“ In 2018 the Commonwealth of Pennsylvania began a three year transition of Medicaid Aging and Disabled Waiver…
2025 JAN 21– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Researchers detail new data in geriatrics and gerontology. According to news reporting from Greenville, North Carolina, by NewsRx journalists, research stated,“ This study investigates the relationship between gaps in health insurance coverage prior to Medicare eligibility and…
2025 JAN 21– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Investigators discuss new findings in Insurance. For more information on this research see: Health Insurance and Part-time Employment: the Influence of the Affordable Care Act. The ANNALS of the American Academy of Political and Social Science, 2024; 711: 144-169. The ANNALS of the…
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549. David Rosa President and Chief Executive Officer. Eden Prairie, Minnesota January 21, 2025.
*Interest rates began to fall, but credit card APRs are still catching up: The Federal Reserve lowered interest rates three times toward the end of 2024, but it took a few months for average credit card interest rates to follow suit and come down slightly from a record high. *Debt and delinquencies rose, but things could be stabilizing: According to NerdWallet’ s 2024…
This prestigious recognition is being awarded to 17 companies representing sureties, brokers, agents and associations for their contributions to the insurance industry as founding members of the SuretyDIGIT Coalition. Arch Insurance Berkley Surety Chubb IMA Liberty Mutual Markel Marsh Merchants Bonding Company National Association of Surety Bond…
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems American homeowners rely on to protect themselves from catastrophes. This breakdown is starting to become painfully clear as families and communities struggle to rebuild. But the scale and intensity of the Southern California…
AM Best will co-sponsor, participate and be recognized at the 7th annual Emerging Leaders Conference, which acknowledges high-performing individuals and provides professional training to develop the next generation of insurance industry leaders. The event, which will take place Feb. 2-4, 2025, in Tampa, FL, is hosted jointly with the American Property…
